🚀 Will Bitcoin become a strategic asset for states in the U.S.? North Carolina has just introduced an ambitious bill to make this a reality!
North Carolina Proposes Bill to Include Bitcoin in Public Reserve Fund
On Tuesday, the North Carolina Senate introduced Bill SB327, which requires the state treasury to allocate up to 10% of public funds to Bitcoin, in order to promote financial innovation and enhance the state's economic standing.
📌 Highlights of SB327:
🔹 Allowing the state treasury to buy and hold Bitcoin as part of the public reserve fund.
🔹 #bitcoin must be stored in a multi-signature cold wallet to ensure safety.
🔹 Monthly audits are required to ensure transparency and security.
🔹 Bitcoin can only be liquidated in cases of severe financial crisis and requires approval from 2/3 of the legislature.
🔹 Establishing a Bitcoin Economic Advisory Council to manage and advise on the state’s Bitcoin holding strategy.
🚀 This is a bold move, but not an isolated effort. North Carolina is joining the Bitcoin race across the United States!
Could Bitcoin Become a Strategic Asset for the State?
The bill was proposed by three Republican Senators Todd Johnson, Brad Overcash, and Timothy Moffitt, with the goal of making North Carolina a "leader in the adoption of cryptocurrency at the state level."
💡 Bitcoin is not only viewed as an investment asset but also as a tool to protect the state’s economy from inflation and financial volatility.
📊 To optimize profits, #SB327 also allows the state treasury to engage in Bitcoin investment strategies such as:
🔹 Staking Bitcoin to earn profits.
🔹 Lending Bitcoin through decentralized finance platforms.
🔹 Other profit-generating activities within the legal framework.
Expanding Ambitions: Is Bitcoin Also Being Included in Pension Funds?
Alongside SB327, North Carolina has also proposed Bill HB92, allowing the state treasury to invest in Bitcoin ETF products (Bitcoin Exchange-Traded Products).
📌 Bill HB92 proposes:
🔹 Investing up to 10% of public funds and pension funds in Bitcoin ETFs.
🔹 Only allowing investments in digital assets with a market capitalization above $750 billion in the past 12 months – currently, only Bitcoin meets this criterion.
💡 This means that North Carolina not only wants to hold Bitcoin directly but also wants to engage in the traditional financial market through Bitcoin ETFs.
North Carolina Is Not the Only State Pursuing Bitcoin
🚀 The trend of integrating Bitcoin into state reserve funds is spreading across the United States!
✅ Arizona is discussing three Bitcoin bills, with SB1062 recently passed in the House Commerce Committee by a vote of 6-4.
✅ Texas has proposed Bill SB21 to establish a state-managed Bitcoin investment fund.
❌ #Utah had plans to become the first U.S. state to own Bitcoin, but ultimately removed this provision from Bill HB230.
📌 Notably: The federal government is also interested in Bitcoin!
Recently, President Donald Trump announced plans to establish a national Bitcoin fund, aiming to make the U.S. the "crypto capital of the world."
The Future of Bitcoin in Public Policy in the U.S.
Although uncertain, North Carolina's move is a strong signal that Bitcoin is gradually being recognized as a strategic asset.
📊 If SB327 and HB92 are passed, North Carolina could become a pioneer in the application of Bitcoin at the government level.
🚀 Will other states follow this trend? Could Bitcoin truly become the "digital gold" in public finance? Let's wait and see!